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58 West 47th Street

Hakimian Capital Provides $41 Million Refinance Loan For Mixed-Use Property In Manhattan
FINANCEDMixed-use

Hakimian Capital Provides $41 Million Refinance Loan For Mixed-Use Property In Manhattan

58 West 47th Street

$41,000,000

$407/SF

Building Size

100,678 SF

Asset Type

Mixed-use

Closing

Jun 26, 2026

AI

The asset involved is a mixed-use property located at 58 West 47th Street in Manhattan, encompassing a total of 100,678 square feet. A refinance loan was secured for this property amounting to $41,000,000.

Summary of transaction details:

The lenders involved in this refinancing transaction are Michael Hakimian, Sammy Hakimian, and Daniel Nadri, all of whom represent Hakimian Capital in this deal.

Players

Daniel Nadri

Hakimian Capital

Lender

$290.7M

vol

16 deals

Lender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93